Houston's Rate Sheet

Title Companies cutting a fat hog!

CNN Money has an article chastising the Title Insurance industry for excessive fees. According to the American Land Title Association (ALTA), the Title Insurance industry only pays out approx. 4% of its premium. I like those odds. These guys don't like to lose.

As you would expect from an author brought to you by CNN, the writer suggests a government managed system would work best. I would argue that premium because of government intervention, not in spite of it. If the state got out of the business of setting premiums, we would all be in better shape. Every couple of years the Texas Department of Insurance cracks down on the marketing practices of Title companies. Maybe they should start cracking down on absurdly high premiums.

posted by Vincent Biondillo @ 7:29 PM